FRIENDSWOOD, Texas, Aug. 13 /PRNewswire-FirstCall/ -- TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) ("TrinityCare" or the "Company"), which develops, manages and owns faith-based senior living facilities, today announced its operating results for the second quarter and first half of 2009.

For the three months ended June 30, 2009, total revenues increased 12% to $1,594,803, versus revenues of $1,428,476 in the second quarter of 2008. Gross profit increased 6% to $1,033,848 (64.8% of revenues) in the most recent quarter, compared with $1,027,846 (72.0% of revenues) in the three months ended June 30, 2008. The Company reduced its operating loss in the second quarter by 16% to ($196,125), compared with an operating loss of ($234,397) in the prior-year period. After interest expense, the Company reported a net loss of ($475,221), or ($0.26) per share, in the quarter ended June 30, 2009. In the year-earlier quarter, the Company reported a net loss before minority interest of ($692,719) and a net loss after minority interest of ($300,099), or ($5.34) per share. The number of weighted average shares outstanding in the second quarter of 2009 totaled 1,825,651, compared with 56,200 weighted average shares outstanding during the second quarter of 2008.

For the six months ended June 30, 2009, total revenues increased 15% to $3,141,804, versus revenues of $2,734,100 in the first half of 2008. Gross profit increased 18% to $1,847,555 (58.8% of revenues) in the first half of 2009, compared with $1,567,397 (57.3% of revenues) in the six months ended June 30, 2008. The Company's operating loss in the first half of 2009 totaled ($184,600), which represented a 53% improvement when compared with an operating loss of ($391,330) in the corresponding period of the previous year. After interest expense, the Company reported a net loss of ($721,167), or ($0.47) per share, in the six months ended June 30, 2009. In the year-earlier period, the Company reported a net loss before minority interest of ($1,108,848) and a net loss after minority interest of ($477,288), or ($8.49) per share. The number of weighted average shares outstanding in the first half of 2009 totaled 1,536,173, compared with 56,200 weighted average shares outstanding during the first half of 2008.

"We have continued to improve resident occupancy rates at our Knoxville, Tennessee and Port Lavaca, Texas senior living facilities, while our Pearland, Texas facility operated at near-100% occupancy levels during the second quarter and first half of 2009," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "Despite higher labor and payroll expenses, we were able to expand our gross profit margin to 58.8% in the first half of 2009, from 57.3% a year earlier. We also reduced our operating loss by 53%, when compared with the first half of 2008. We expect operating results to continue to improve as occupancy levels build in future quarters."

"Our expansion program gained considerable momentum in the most recent quarter, as we geared up to commence construction on new senior living facilities in a number of markets," continued Sapaugh. "Since the end of our first quarter, we have announced the execution of funding agreements for new senior living facilities, each with at least 82 residential units, in Pearland, Texas; Crossville, Tennessee; and Katy, Texas. These three facilities, when they open in 2010, will more than double the number of residential units under management by TrinityCare, and we expect to announce funding agreements for additional projects in the coming months. As awareness of our unique approach to faith-based senior care builds throughout the Southeastern U.S., we are being contacted by churches and developers who are interested in partnering with us to open facilities in new markets. We carefully analyze the economics of each proposal and expect expansion in new and existing markets to serve as the foundation for profitability and the enhancement of shareholder values in the future."

About TrinityCare Senior Living, Inc.

TrinityCare Senior Living ("TrinityCare") develops, owns, and manages quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. The Company partners with local churches and developers for each facility and offers a wide range of both community and personal services to residents. TrinityCare is a rapidly growing company with three successful facilities currently operating in Texas and Tennessee, and the Company has announced funding commitments for three additional facilities to be completed in 2010. Near-term expansion plans target the Southeastern part of the United States. For more information please visit www.trinitycare.com.

TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common stock trades on the OTC Bulletin Board under the symbol "TCSR".

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

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